PRG Holdings Bhd has ventured into the healthcare sector with the acquisition of a medical centre, Roopi Medical Centre Sdn Bhd (RMC) for RM18.3 million.
Executive Director Richard Na said the healthcare sector has a high and sustainable earnings growth potential, with its robust growth underpinned by an ageing population, rising affluence, and increasing life expectancy.
"It is a stable market and we expect it to compensate business cycle fluctuations.
"Our venture into healthcare is also to tap into government's call for (the promotion of) medical tourism where we see a huge potential," he told a media conference after the launch of the company's healthcare division.
PRG deals mainly in property development, construction and manufacturing businesses.